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This excerpt taken from the BP 20-F filed Jun 13, 2006. Note 36 — Retained earnings Retained earnings of $37,763 million ($33,453 million at December 31, 2003) include the following amounts, the distribution of which is limited by statutory or other restrictions:
Cumulative net exchange gains (net of tax) of $4,529 million are included in retained earnings ($2,386 million gain at December 31, 2003). There were no unrealized currency translation differences for the year on long-term borrowings used to finance equity investments in foreign currencies (2003 nil and 2002 nil). F - 73 This excerpt taken from the BP 20-F filed Jun 30, 2005. Note 36 — Retained earnings Retained earnings of $37,763 million ($33,453 million at December 31, 2003) include the following amounts, the distribution of which is limited by statutory or other restrictions:
Cumulative net exchange gains (net of tax) of $4,529 million are included in retained earnings ($2,386 million gain at December 31, 2003). There were no unrealized currency translation differences for the year on long-term borrowings used to finance equity investments in foreign currencies (2003 nil and 2002 nil). F - 74 | EXCERPTS ON THIS PAGE:
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